Nissan Motor Co has raised $7.8 billion in financing from its creditors since April as it tries to shore up its cash position in the face of falling sales due to the coronavirus pandemic, its latest annual securities report shows. Japan's No. 2 automaker is struggling to recover profitability after posting its first annual loss in 11 years, suffering from falling sales, a tarnished image and a deteriorating cash position even before the virus outbreak sapped global demand for cars. Un

The Sixth U.S. Circuit Court of Appeals said U.S. District Judge Paul Borman abused his discretion by requiring GM CEO Mary Barra and FCA's head, Mike Manley, to meet face-to-face for reasons unrelated to the case, and without taking into account the risks of travel during the COVID-19 pandemic. The district judge's order for the parties to report back to the court in only eight days was also unwarranted, the appeals court said.

After a weekend spent stoking division, President Donald Trump on Monday went after NASCAR's only Black driver and criticized its decision to ban the Confederate flag at its races and venues. Exploiting racial tensions, Trump wrongly accused Bubba Wallace of perpetrating “a hoax” after one of his crew members discovered a rope shaped like a noose in a garage stall they had been assigned to. Federal authorities ruled last month that the rope had been hanging there since at least last October an

Musk has often taken umbrage at short-sellers and in 2018 sent a box of shorts to hedge fund owner and Tesla short-seller David Einhorn. The "Short Shorts" on the Tesla shop website feature gold trim and “S3XY” in gold across the back, which also happens to be formed from Tesla model names.

Valtteri Bottas won a chaotic season-opening Austrian Grand Prix on Sunday while Formula One champion Lewis Hamilton finished fourth after getting a late time penalty. Bottas took a knee as he received the winners’ trophy and the podium trio held up a black T-shirt with “End Racism” written on it. The race was interrupted three times by a safety car and nine of 20 drivers abandoned, including both Red Bulls of Max Verstappen and Alexander Albon — who tried to overtake Hamilton on the outside w